The Habitat Corporation issued common shares for $35 each.Two years later,on June 10,200 shares were repurchased and retired at a cost of $60 each.The company has $8,000 in contributed capital from the previous retirement of common shares.Present the general journal entry to record the June 10 transaction.

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The Answer of The Habitat Corporation issued common shares for $35 each.Two years later,on June 10,200 shares were repurchased and retired at a cost of $60 each.The company has $8,000 in contributed capital from the previous retirement of common shares.Present the general journal entry to record the June 10 transaction.

The Habitat Corporation Issued Common Shares for $35 Each